$5 MILLION BAIL FOR NETELLER EXEC JOHN LEFEBVRE

Former Neteller director John Lefebvre has been granted bail after an appearance in court in Los Angeles. According to Rebekah Carmichael, press spokesperson from the US Department of Justice, “he will be released after satisfying the bail conditions of $5m fully secured by cash or property; pre-trial supervision; surrender of all travel documents; and travel restricted to the Central District of California, except for trips to Southern District, New York for Court.”

The other former director Stephen Lawrence is currently in court in St Thomas in the US Virgin islands, attending an, “advice of rights” hearing.

Both defendants are being directed to appear in the Southern District, New York on January 26, 2007, though this is subject to change.